Cement News tagged under: Lafarge Africa

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Lafarge Africa completes consolidation process

17 September 2014, Published under Cement News

Lafarge Africa Plc, formerly Lafarge Cement Wapco Nigeria Plc, has announced the completion of its acquisition of the Lafarge group’s shareholdings in Lafarge South Africa Holdings and United Cement Co of Nigeria. Guillaume Roux, Lafarge Africa Group Chief Executive Officer, told reporters in Lagos yesterday that the company had received all shareholder and regulator approvals and met all the necessary requirements to form the merged company comprising Lafarge’s South Africa and Nigerian in...

Ashaka Cement stake changes hands

11 September 2014, Published under Cement News

Lafarge Group has sold 58.61 per cent of its stakes in Ashaka Cement Plc to Lafarge Africa Plc in a deal valued at NGN41bn (US$252m). Lafarge sold 1.3bn ordinary shares of its Ashaka Cement at NGN30.95 each. The sale follows the company's decision to merge its Nigerian and South African assets into a single unit, Lafarge Africa Plc. In creating Lafarge Africa, the group will sell the entirety of its 72.4 per cent stake in South African unit while relinquishing control of equity stake in...

Lafarge Africa first-half profit rises 29% YoY

01 August 2014, Published under Cement News

Lafarge Africa said its first-half profit rose 29 per cent to NGN17.75bn (US$109.61m), compared with NGN13.80bn in the same period of last year. Gross earnings rose to NGN55.35bn, from NGN49.48bn in the same period last year, the company said in a filing with the Nigerian Stock Exchange.